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inside the fed. she also plans to ask him about the fed's new targets for when it might start to raise interest rates. it says it won't start doing that as you know now until unemployment gets to at least 6 1/2% or until inflation gets to -- if it hits 2 1/2%, then they would start to tighten. for the first time, the fed chairman is going to take questions through social media, through twitter, but not through the fed's handle, through a handle that the school has established, specifically for this event. we will be on our twitter account as we watch the questions come up. cheryl: peter, i follow the federal reserve on twitter. it is probably the most twitter feed, not lying. they have to step up their game a little bit. if you know people over there, let them know. peter: i will pass your complaints along to management. cheryl: please do. thank you very much. peter barnes, and of course we will be following if the fed chief says anything ground breaking in the next hour. we have also been following
inside the fed. she also plans to ask him about the fed's new targets for when it might start to raise interest rates. it says it won't start doing that as you know now until unemployment gets to at least 6 1/2% or until inflation gets to -- if it hits 2 1/2%, then they would start to tighten. for the first time, the fed chairman is going to take questions through social media, through twitter, but not through the fed's handle, through a handle that the school has established, specifically for...
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so now big headlines there yet from the fed chairman. but we are awaiting for potential comments on monetary policy, specifically professor collins told the washington post that she does plan to ask chairman bernanke about the news that came out of the fed minutes a couple of weeks ago that there's this internal debate among fomc members on whether or not to start pulling back quantitative easing, to start cutting back on all those trillions of dollars in bond purchases we have seen over the last few years. sometime this year, which was a little bit unexpected, to the financial markets. and there are now it appears a majority of members who might want to do that either earlier this year or by the end of the year. so that will be the -- those will be the headlines we will be looking for. david and sandra? sandra: thank you peter barnes. when you have anything, just jump in, we will take you live. we will break that for our viewers. david: thanks peter. reports are out apple is cancelling many orders for iphone parts as it loses market sha
so now big headlines there yet from the fed chairman. but we are awaiting for potential comments on monetary policy, specifically professor collins told the washington post that she does plan to ask chairman bernanke about the news that came out of the fed minutes a couple of weeks ago that there's this internal debate among fomc members on whether or not to start pulling back quantitative easing, to start cutting back on all those trillions of dollars in bond purchases we have seen over the...
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steve liesman is at the breaking news desk with some headlines coming from mr. lockhart of the fed. steve? >> yeah, scott, let me tell you what dennis lockhart of the fed is saying and i'll give you the context of why this could be important for fed policy. lockhart saying new asset purchase program is not qe incontinuety. that open ended does not mean without bounds. he's concerned about growth of the fed's balance sheet, and at some point he said qe could hurt market functioning and financial stability. among those things that could hurt is what the fed says every year to treasury from the earnings on its balance sheet, could be reduced whiled fed is in the midst of an exit policy. saying the open-ended nature of qe is now necessary. at least for now, but he is saying it could take three years to reach 6.5% unemployment. and he's making strong comments about the fiscal side, saying the next few months will be a moment of true fiscal policy urging the fiscal side to get on board with what the fed is frying to do to help the economy. 2013 he says will be a test of the country's abil
steve liesman is at the breaking news desk with some headlines coming from mr. lockhart of the fed. steve? >> yeah, scott, let me tell you what dennis lockhart of the fed is saying and i'll give you the context of why this could be important for fed policy. lockhart saying new asset purchase program is not qe incontinuety. that open ended does not mean without bounds. he's concerned about growth of the fed's balance sheet, and at some point he said qe could hurt market functioning and...
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so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario materializes and this market goes up, what's your best idea? where do you want to put your money today? >> xlf. financials. >> that's his financial sector there. >> yep. >> thanks, guys. >> we'll see you soon. thank you so much. we'll keep you updated on the dell story as it develops. we are in the final stretch of trading. 45 minutes until the closing bell sounds. >>> more than 50% of cap managers underperformed the s&p 500 over the last five years and our next guest is not surprised at all. he is considered the father of index mutual funds. jack bogle joins us. plus how investors should handle the noise out of
so maybe we don't have a big down in the market because of the fed, but the fundamentals beyond the fed are real hard to support the market going up. >> china's improving. japan is in uber-stimulus mode. a number of people have changed their gdp numbers this weekend 2.5%. it's not horrible and it's slowly improving. >> it is definitely tough out there. there's no argument there. final word very quickly, ralph. i just want to get your single best idea right here. if your scenario...
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but part of the reason is that the fed did learn something from the 1930s. it's learned that raising interest rates to stabilize the price of gold is a really bad idea in times like this. but the trouble is that zero, which is as low as it can get, is not low enough. and we actually know pretty well what you need to do. >> the other side of it is that people have been told so long, "save money. save money. americans were not saving." now if they save money, they make no money from their savings. >> that's right. and, actually the truth is right now saving hurts us. it's because what, another way, yet another way to think about depression economics, depression economics is a situation where the total amount that people want to save is less than the amount that businesses are willing to invest. you can think of that as being the result, a lot of it is because of this overhang of personal household debt from the past. we had a housing bubble that burst, leaving us with too much construction. we have a financial system that's disrupted. but all of that leads to
but part of the reason is that the fed did learn something from the 1930s. it's learned that raising interest rates to stabilize the price of gold is a really bad idea in times like this. but the trouble is that zero, which is as low as it can get, is not low enough. and we actually know pretty well what you need to do. >> the other side of it is that people have been told so long, "save money. save money. americans were not saving." now if they save money, they make no money...
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aren't the fed quantitative policies overspending by congress. the chairman saying it's not the fed's job to play games and make congress do what it should be doing on its own. >> he keeps saying this in so many words. you'd think people would get it at this point. thank you so much. >> you would think, yeah. >> steve leisman. president obama telling republicans to move quickly on the debt ceiling. jon harwood on the president's main theme at his news conference today. >> his main theme was to draw a brighter line with republicans in that fight over the debt ceiling. republicans saying we want dollar for dollar spending cuts. the president said i'll talk about spending decreases. but i'm not going to hold the u.s. economy hostage. here's the president. >> they will not collect a r ransra ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they'd better choose quickly because time
aren't the fed quantitative policies overspending by congress. the chairman saying it's not the fed's job to play games and make congress do what it should be doing on its own. >> he keeps saying this in so many words. you'd think people would get it at this point. thank you so much. >> you would think, yeah. >> steve leisman. president obama telling republicans to move quickly on the debt ceiling. jon harwood on the president's main theme at his news conference today....
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the fed coming to the same conclusion about the idea. it had been that they were thinking a platinum coin, they could mint that and then treasury would mint it from the precious metal and the value would be placed at a trillion dollars and the fed would deposit the coin in the treasury account, and credit the account one trillion which could be used to pay the nation's bills. the united states is expected to reach its authorized debt limit of $16.4 trillion next month. >>> our special guest this hour is gary parr, vice chairman as lazard freyere and we've been talking off set about the debt ceiling and what it has meant for business and confidence. but there are some potentially good things that could come out of this if washington really gets its act together. what are some of those things that you think could actually help out and bring in taxes, promote growth. >> right, one of them, one of the discussion topics has been all of the cash that's trapped overseas from major corporations. the number is on the magnitude of $2.1 trillion. t
the fed coming to the same conclusion about the idea. it had been that they were thinking a platinum coin, they could mint that and then treasury would mint it from the precious metal and the value would be placed at a trillion dollars and the fed would deposit the coin in the treasury account, and credit the account one trillion which could be used to pay the nation's bills. the united states is expected to reach its authorized debt limit of $16.4 trillion next month. >>> our special...
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course of his term at the fed. he has been remarkable in my opinion. lori: switch topic as little bit. everybody is buzzing about the president's speech this morning, referring to the debt ceiling and america. we're not deadbeats. do you think anything was accomplishes at all or just more of the same? >> he accomplished something. he changed his tone a bit. he acknowledged that congress has a constitutional power and authority over the purse strngs. i think it was really remarkable to hear the president actually admit that congress had a right to its view, its opinions and its votes. that is big. the second thing in it all he made it very clear that anyone who disagrees with him lacks common sense and good judgment. he think anyone who is for guns is obviously not common senseal or prud don't or as -- prudent or enlightened as he. he acknowledged in his tone knows he will get his butt kicked in the political battle over guns the fact is, this media coalition that has been formed to drive the assault on the second a
course of his term at the fed. he has been remarkable in my opinion. lori: switch topic as little bit. everybody is buzzing about the president's speech this morning, referring to the debt ceiling and america. we're not deadbeats. do you think anything was accomplishes at all or just more of the same? >> he accomplished something. he changed his tone a bit. he acknowledged that congress has a constitutional power and authority over the purse strngs. i think it was really remarkable to...
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there will be a lot more focus on what's happening in the real economy and maybe what the fed might do, whether they're going to bring an early end to qe. >> you're saying looking for opportunities to make money. how would you do it and how would you say it's done so far? >> so far, so good. late last week we heard good numbers from wells fargo. the market didn't like the forward look very much but basically the numbers we saw early on were encouraging. of course, that's because we marked down expectations so sharply. so i think people need to look globally. they need to look at the story that we've heard again, seems to be bubbling back up again about the consumer, the new middle class consumer in emerging markets, china. the idea that china was going to have a hard landing to me was always just complete nonsense and a misunderstanding of how that economic system was working. and look, the housing story in the u.s. is moving along. yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of
there will be a lot more focus on what's happening in the real economy and maybe what the fed might do, whether they're going to bring an early end to qe. >> you're saying looking for opportunities to make money. how would you do it and how would you say it's done so far? >> so far, so good. late last week we heard good numbers from wells fargo. the market didn't like the forward look very much but basically the numbers we saw early on were encouraging. of course, that's because we...
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, and the bond market won't break because the fed is going to stand there and buy it. meanwhile, you have pseudoeconomists out there saying oh we've got to increase our deficit spending. by all means, pseudoeconomists, and you know who you are, give me an example in history when if you just run massive deficits, devalue your currency, suddenly success is right around the corner. it's a failed model. and we are absolutely making every mistake imaginable in the united states right now. we're on the wrong path. stuart: okay. so when we've gotten this past debt ceiling deadline, we've gotten past this and there's some kind of agreement and we don't cut spending and don't tackle entitlements, i don't think we will, what does the bond market do then? anything? >> no, absolutely not. the japanese government bond market it hasn't done anything in 20 years. the bank of japan is sitting there buying it. stuart: they are going to spend even more, print more. >> absolutely, just print. stuart: very interesting stuff. come back and see us soon. >> thanks for having me. stuart: the
, and the bond market won't break because the fed is going to stand there and buy it. meanwhile, you have pseudoeconomists out there saying oh we've got to increase our deficit spending. by all means, pseudoeconomists, and you know who you are, give me an example in history when if you just run massive deficits, devalue your currency, suddenly success is right around the corner. it's a failed model. and we are absolutely making every mistake imaginable in the united states right now. we're on...
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the feds have not shown any appetite for prosecuting him and the u.s. anti-doping agency, if he comes clean there is a road to redemption for lance armstrong. >> shep: and he could get back into the game. >> yeah, he could compete again. he has been in try ath lons. he has lifetime ban and that could be limited to eight years, possibly down to three or four years if he comes clean. >> shep: i don't know who would race against him. trace, good to see you. if he is going to apologize all the lives he destroyed. and president of emerald partners and author rethinking reputation how p.r. trumps it in the media world. i don't like to talk about this guy. i guess if you confess, you have to fully confess? >> right. it can't be limited. it can't be semi. if he were my client, if you are going to do it you have to come clean. here is what i did, here is why i lied for 15 years to everybody. that would be the first thing. the second thing i would say with oprah, start setting programs termination for settlement because he has all these lawsuits with insurance co
the feds have not shown any appetite for prosecuting him and the u.s. anti-doping agency, if he comes clean there is a road to redemption for lance armstrong. >> shep: and he could get back into the game. >> yeah, he could compete again. he has been in try ath lons. he has lifetime ban and that could be limited to eight years, possibly down to three or four years if he comes clean. >> shep: i don't know who would race against him. trace, good to see you. if he is going to...
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also after the close fed chief ben bernanke has a monetary policy speech. that certainly those things combined could effect the markets this week. >> really big stuff. >>> we'll smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news it's monday, january 14th i'm dave clark. >> good morning, i'm pam cook. >> in the news this morning one oakland city leader calling for a state of emergency in oakland after another violent weekend on the streets. four people were killed. 11 others were wounded just since friday. ktvu tara moriarty is in oakland right now. she tells us the latest shooting that happened last night. >> reporter: out of control that is what oakland's vice mayor is saying about the rash of violence this weekend. larry reid says the city needs to call for a state of emergency he believes the move would free up mutual aid funds from the state. the spike in violence did lead to a conference call between oakland police chief and the mayors and several staff members. the most recent shooting happened at a birthd
also after the close fed chief ben bernanke has a monetary policy speech. that certainly those things combined could effect the markets this week. >> really big stuff. >>> we'll smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news it's monday, january 14th i'm dave clark. >> good morning, i'm pam cook. >> in the news this morning one oakland city leader calling for a state of emergency in oakland after another violent...
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he backed out at the last minute when he was talking to the feds. the other thing pete said, numbers matter in baseball more so than any other sport. i mean, baseball's been around since 1869, have you these steroid users going against willie mays and hank aaron in history books is not fair to the guys of the past when you lump these knuckle heads in with them. >> this steroid era lasted awhile, could we see a repeat next year and the year after. >> two former atlanta braves heroes, they're going to right the ship, they will be first ballot hall of famers, no steroids there, this will become a moot point. >>> it's an unusual hunting contest even for florida. they're looking for pythons. john zarrella tells us why the state is holding a month long contest to kill those snakes. oc ♪ that'll save the day. ♪ so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less. with the small
he backed out at the last minute when he was talking to the feds. the other thing pete said, numbers matter in baseball more so than any other sport. i mean, baseball's been around since 1869, have you these steroid users going against willie mays and hank aaron in history books is not fair to the guys of the past when you lump these knuckle heads in with them. >> this steroid era lasted awhile, could we see a repeat next year and the year after. >> two former atlanta braves heroes,...
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the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the settlement are, what kinds of circumstances will be those that get the remedy. if there were some egregious examples of a bank trying to foreclose when the person was current on their payments, there is a possibility that the borrower could get some money. it seems unlikely if they have walked away from the house that they would be part of the salomon. host: frank from lexington, south carolina, good morning. caller: good morning. i appreciate your comments. a lot of what you're saying is true. i thought i would bring some additional reality. i have a son who has been in business for himself and he is done very well. he has applied for a mortgage. we have gone through three mortgage brokers who cannot present a package because they do not know what the rules are or they are examined b
the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the settlement are, what kinds of circumstances will be those that get the remedy. if there were some egregious examples of a bank trying to foreclose when the person was current on their payments, there is a...
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>> i think the fed, john mccain is keeping an open mind on this. that's encouraging if you're chuck hagel in the white house. but i would argue that the most critical meeting chuck hagel will have in the coming days is chuck schumer. he has to be able to answer the questions of the new york senator because he can bring along as many as ten democrats. i was counting last week his statement was coming out after the nomination was announced. notably, the junior senator from new york who takes a lot of cues from chuck schumer. several other senators who are beholden to schumer for helping them get elected in 2006-2008. if the most prominent jewish senator on the democratic side of is there, it could be very difficult for him to get an easy confirmation vote. >> ed o'keefe, michael, thank you. >> thank you. >>> just a reminder, we will have the press conference live here on msnbc that is coming up in about an hour, 11:15. >>> big night for the golden glo glob glob globes for politics. dab el day-lewis won best actor for "lincoln," jessica best actress f
>> i think the fed, john mccain is keeping an open mind on this. that's encouraging if you're chuck hagel in the white house. but i would argue that the most critical meeting chuck hagel will have in the coming days is chuck schumer. he has to be able to answer the questions of the new york senator because he can bring along as many as ten democrats. i was counting last week his statement was coming out after the nomination was announced. notably, the junior senator from new york who...
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at the last minute talking to the feds and pete said numbers matter more so in baseball than any other sport. baseball professionally since 1869. you have steroid users against mays and aarons in the history books not fair to those guys of the past when you lump these knuckleheads in with them. >> you know, steroid era lasted a while. >> it did. >> could we see a repeat next year and the year after that? an era of these people not getting in. >> we're here in atlanta, georgia. two former atlanta braves heroes, they're going to right the ship. they will be first ballot hall of famers. no steroids there. so, this will become a moot point. >> all right. thanks a lot for coming in. >> thank you. >> i know how you're voting now next year. >> yes, sir. >> terrific. >>> want to hear more from what pete rose said? we have that for you tonight. he thinks about some of the biggest names in sports history being excluded from the hall. the comments at 10:00 eastern. >>> in virginia, there were fears of baby lion on the loose. listen to this, terrance. it wasn't a lion. what it really was, that's k
at the last minute talking to the feds and pete said numbers matter more so in baseball than any other sport. baseball professionally since 1869. you have steroid users against mays and aarons in the history books not fair to those guys of the past when you lump these knuckleheads in with them. >> you know, steroid era lasted a while. >> it did. >> could we see a repeat next year and the year after that? an era of these people not getting in. >> we're here in atlanta,...
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leave immigration to the fed's." but when 1 million people marched to war front step, they deserve a welcome. i said "i do not see illegals here." that got me in trouble. sometimes you have to say it figuratively before it becomes true. and no human being should be "illegal." that is our moral imperative. that is our political challenge in 2013. to fix our broken immigration system, we will restore a basic american covenant. we are a nation of immigrants. we have a long history of welcoming people from all four corners of the earth to our shores. history is a source of national pride. this history is a source of national profit. immigrants of children started a whole 40% of our fortune 500 companies. some of the planet's most recognizable brands have combined revenues of 4.2 trillion dollars. that sum is greater than the gdp of every single country in the world except the united states, china, and japan. we are big in freedom and opportunity because we fill -- we fulfil the social contract of significance sorts. if y
leave immigration to the fed's." but when 1 million people marched to war front step, they deserve a welcome. i said "i do not see illegals here." that got me in trouble. sometimes you have to say it figuratively before it becomes true. and no human being should be "illegal." that is our moral imperative. that is our political challenge in 2013. to fix our broken immigration system, we will restore a basic american covenant. we are a nation of immigrants. we have a long...
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but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking about it an awful lot. >> great question, carl. it's a political question. you can default on the interest payments, and that's a sort of, i guess the technical or legal version of default. or you can default on obligations. in other words, the government incurs a debt, but doesn't pay it. that's of a different order of magnitude from defaulting on the interest payments on the debt. in general, the white house wants you to believe that default is everything. and it's a terrible, terrible thing to happen. where as i think the republican point of view is more narrow, that you can default on other payments a
but i talked to several fed officials about prior debt ceiling showdowns, and they said the fed said there would be no way to proceed without money in the treasury. we'll see what president obama says in his press conference, if he ratchets up the rhetoric this morning. he's been clear he would negotiate only spending cuts, but not in context of the debt ceiling debate. simon? >> okay. >> steve, are we all agreed on what the word default means in this case? we're going to be talking...
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products for the holidays and both said they are just fed up with the company. now i looked at the timeline from the moment steve jobs died and then it was just another stock but rallied 200 points and i think because it was hot and a lot of people didn't know because the chart was great and then i listened to isakson and the fact of the omg factor and i love my goob gel maps so much and i didn't like the plug which led to cutting the position for my trust in half. here's the bottom line, even as i see apple come down to ha i can't see a reason to buy the stock that i sold and days like today, i wish i didn't own any. of course, these can turn around on a dime and my trust holds on betting that apple can still dazzle, maybe something that's been developed since jobs died. get the mojo back. until then, the price of the goods, too high and the customer may be gone. all in all, it's a tough hold. tough hold. and alas, a shame. don't move. lightning round is coming up. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks t
products for the holidays and both said they are just fed up with the company. now i looked at the timeline from the moment steve jobs died and then it was just another stock but rallied 200 points and i think because it was hot and a lot of people didn't know because the chart was great and then i listened to isakson and the fact of the omg factor and i love my goob gel maps so much and i didn't like the plug which led to cutting the position for my trust in half. here's the bottom line, even...
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the last time the fed minutes came out, b there was some clues that perhaps the fed was willing to tighten interest rates before they said they would earlier. that spooked people. we've seen a lot of money come in to stocks. people leave other asset classes, your 401(k) plan goes up. ahead of that, the attention is going to be on apple. there are reports out this morning that apple has cut orders for components to the iphone 5 like the screen. the reason that's bad, pretty clear. if you don't think you're going to sell a lot of stuff going forward, you don't order more to make more. that has shares down almost 3% this morning. they could fall below 500 bucks a share. we're seeing the futures really flat. but apple's the big corporate story. >> steve rattner, what's the matter with apple? >> i've got my opinion. i'm sorry to jump in, guys, which has nothing to do with the phone or whatever. it has to do with the charger. if you've got an iphone 4, you probably have 30 of those charges in your car, your home, travel. >> ipad. >> you've got to buy the new charger. >> first of all, the iphone
the last time the fed minutes came out, b there was some clues that perhaps the fed was willing to tighten interest rates before they said they would earlier. that spooked people. we've seen a lot of money come in to stocks. people leave other asset classes, your 401(k) plan goes up. ahead of that, the attention is going to be on apple. there are reports out this morning that apple has cut orders for components to the iphone 5 like the screen. the reason that's bad, pretty clear. if you don't...
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the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero inches rate policy is of no help to them -- interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the solomon r., what kinds of circumstances will be those that get the remedy -- what the terms of the settlements are. if there were some egregious examples of a bank trying to foreclose when the person was current on their payments, there is a possibility that the borrower could get some money. it seems unlikely if they have walked away from the house that they would be part of the salomon. host: frank from lexington, south carolina, good morning. caller: good morning. i appreciate your comments. a lot of what you're saying is true. i thought i would bring some additional reality. i have a son who has been in business for himself and he is done very well. he has applied for a mortgage. we have gone through three mortgage brokers who cannot pre
the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero inches rate policy is of no help to them -- interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the solomon r., what kinds of circumstances will be those that get the remedy -- what the terms of the settlements are. if there were some egregious examples of a bank...
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the american people are fed up with our inability to just do the right thing. we have an obligation to pay our debts just like we have a personal obligation to pay our credit cards. that's what the president's talking about and if the republicans are basically saying we're not going to pay our credit cards, they're turning in to deadbeats and they may be publicly impugned because of it. >> thank you very much, congresswoman speier. >> thank you. >> let's bring in john rosenthal, shera topolast and contributor jimmy williams sheer. let's start with you. you heard congresswoman speier say this will be the death knell for the republican party. the president asked who the american people would blame and perhaps saying there's enough blame to go around but the bottom line, this is not about new debts, new spending. this is about as laid out by the president today and others, paying your bills. >> right. and i think the white house is really struggled when it comes to messaging in the first term when things like this, legislation, the battles. the president had a ver
the american people are fed up with our inability to just do the right thing. we have an obligation to pay our debts just like we have a personal obligation to pay our credit cards. that's what the president's talking about and if the republicans are basically saying we're not going to pay our credit cards, they're turning in to deadbeats and they may be publicly impugned because of it. >> thank you very much, congresswoman speier. >> thank you. >> let's bring in john...
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the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the settlement are, what kinds of circumstances will be those that get the remedy. if there were some egregious examples of a bank trying to foreclose when the person was current on their payments, there is a possibility that the borrower could get some money. it seems unlikely if they have walked away from the house that they would be part of the salomon. -- settlement. host: frank from lexington, south carolina, good morning. caller: good morning. i appreciate your comments. a lot of what you're saying is true. i thought i would bring some additional reality. i have a son who has been in business for himself and he is done very well. he has applied for a mortgage. we have gone through three mortgage brokers who cannot present a package because they do not know what the rules are or they
the fed has brought interest rates to near zero to encourage people to refinance. so many people cannot get a new loan. the zero interest rate policy is of no help to them. host: we have a question on twitter from sea dog. guest: again, it has not been made clear what the terms of the settlement are, what kinds of circumstances will be those that get the remedy. if there were some egregious examples of a bank trying to foreclose when the person was current on their payments, there is a...
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up that is a manifesto, some of the politicians on the right and that entertainment complex could be the foundation. that would be 30 or 40 books glenn beck, that a wide swath of opinion. >> host: would you expect anything more from the propaganda? in other words is this what we might expect when it is as complicated as over 200 years ago is written about and talked about the people that are up for reelection and trying to sell books is this just an inevitable outgrowth of the culture that talks about issues in this way? >> guest: to a large extent, yes and if you look historically at the discourse, it hasn't changed much over the last 200 years. this kind of very propaganda history. even while the history was being made, people were very propagandistic about -- people were free propagandistic before they were dead, and what they meant. so, yes. i do think that's part of the genre, and it needs to be people like me and saying if this is where you are getting your history it's wrong or if it's not wrong it's at least much more complicated than it is being made out to be. >> host: let'
up that is a manifesto, some of the politicians on the right and that entertainment complex could be the foundation. that would be 30 or 40 books glenn beck, that a wide swath of opinion. >> host: would you expect anything more from the propaganda? in other words is this what we might expect when it is as complicated as over 200 years ago is written about and talked about the people that are up for reelection and trying to sell books is this just an inevitable outgrowth of the culture...
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mike lee, rick perry, governor of texas, has a fairly recent book called "fed up." and it's a state's rights manifesto. so that collectively, in of the politicians on the far right, and then that conservative entertainment complex who became the foundation -- i probably read 30 or 40 books from that wide swath of opinion. >> host: would you expect anything more from propaganda political leaders? is this something we might expect when something as complicate as a historical event over 200 years ago is written about and talked about by people who are up for election and trying to sell books? is this an inevitable outgrowth of our culture? >> guest: to a large extent, yes, the discourse has not changed much over the last 200 years. this kind of very propagandaistic use of people and -- so, yes, i do think that is part of the genre. and i think that part of the genre needs to be people like me writing correctives and saying, this is -- if this is where groating your history, is a wrong, or if not wrong, it's at least much more complicated than it's being made out to be.
mike lee, rick perry, governor of texas, has a fairly recent book called "fed up." and it's a state's rights manifesto. so that collectively, in of the politicians on the far right, and then that conservative entertainment complex who became the foundation -- i probably read 30 or 40 books from that wide swath of opinion. >> host: would you expect anything more from propaganda political leaders? is this something we might expect when something as complicate as a historical event...
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charles evans who is the chicago fed president says it will improve to 3.5% next year. he also expects unemployment to fall below 7.5% this year but he adds it won't be 6.5% until the middle of 2015. >>> time 7:48. another fight looming in congress over the federal debt limit. technically the government hit the debt ceiling at the end of december, but treasury secretary tim geithner was able to extend government funding through february 15. republicans want big spending cuts in exchange for raising the borrowing limit. president obama says he will not negotiate with congress paying its own bills. >>> did you see a big difference? the first paycheck of the new year brought surprises and raised eyebrows for at love people all over the country. as pam cook reports in our newsroom, it's not a good surprise, pam. it's expected to have a big impact on the economy. >> reporter: yes, it is. the country did not fall off that fiscal cliff but as a result, some people say it feels like their personal budgets did. the federal compromise means tax breaks for social security and medi
charles evans who is the chicago fed president says it will improve to 3.5% next year. he also expects unemployment to fall below 7.5% this year but he adds it won't be 6.5% until the middle of 2015. >>> time 7:48. another fight looming in congress over the federal debt limit. technically the government hit the debt ceiling at the end of december, but treasury secretary tim geithner was able to extend government funding through february 15. republicans want big spending cuts in...
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first of all the economy has not been in that great a shape and the president was reelected nonetheless. while eventually i think voters might get fed up with his economic stewardship, they might not. secondly whether the president wants to hold up shiny objects for the press, we know the debt ceiling fight will come to a head. we know it will be a major clash. the president wants to maintain upper hand here. not so much what you or i might think is really going on. it is what voters think is going on. how they see things. he wants to maintain his image at a reasonable, rational guy versus a, band of republicans he wants to faint as extreme, out of touch and unreasonable. jon: weill look for him to, at that conversation at this news conference. david drucker. >> that's correct. that's what it is all birks we'll have to leave it there. thanks, david. >> anytime. heather: as we wait for the news conference scheduled to take place just about 11:30 eastern time. let's talk about some good news this morning and possibly good news for former president george h.w. bush as we learn he may final
first of all the economy has not been in that great a shape and the president was reelected nonetheless. while eventually i think voters might get fed up with his economic stewardship, they might not. secondly whether the president wants to hold up shiny objects for the press, we know the debt ceiling fight will come to a head. we know it will be a major clash. the president wants to maintain upper hand here. not so much what you or i might think is really going on. it is what voters think is...
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are fed up with all the death that had occurred due to underage drinking. i think and hope that perhaps we're at a similar time right now when we think about gun violence in this country. in only five states as well as the district of columbia have we set 21 as the minimum legal age for handgun possession. so what about youth who are found to have committed serious crimes in juvenile courts? there's a number of studies that find that committing serious crime at a young age is a reasonably robust predicter of subsequent violence. and as we noted before in the graph, the risk declines with age quite substantially. so, again, maybe we can think about time-limited prohibitions. and in many states that have these types of laws do, indeed, do that. in massachusetts, for example, has a period of five years that bans firearm possession for such individuals. in california and pennsylvania, they have the prohibition up until age 30 which, again, is very consistent with the age to fending curves. by the way, i showed you homicide offending. other violent crime, partic
are fed up with all the death that had occurred due to underage drinking. i think and hope that perhaps we're at a similar time right now when we think about gun violence in this country. in only five states as well as the district of columbia have we set 21 as the minimum legal age for handgun possession. so what about youth who are found to have committed serious crimes in juvenile courts? there's a number of studies that find that committing serious crime at a young age is a reasonably...
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people are fed up. they're tired of waiting on legislators, tired of waiting on the president. they want to take action. they want to put pressure on retailers like walmart so you find this group, some of us.org created a petition, garnered some 250,000 signatures and tomorrow they plan to protest, brooke, in front of a walmart there in newtown, to hand that -- those signatures over and to make the point, they say that, you know, people shouldn't go to a store where you can buy diapers, where you can buy baby food and also be able to buy semi-automatic rifles. >> so, we know, on gun issues, going through congress, we know the vice president now has given his proposals to the president. should be getting details on that later in the week. here is the but. we don't really know what will get through congress. that's the big sort of question. but how much of a difference, george, could grassroots groups like this one really make here? >> well, you know, when you look at the number of signatures, it is a signature number of people who signed on to this. there is a new gallup poll th
people are fed up. they're tired of waiting on legislators, tired of waiting on the president. they want to take action. they want to put pressure on retailers like walmart so you find this group, some of us.org created a petition, garnered some 250,000 signatures and tomorrow they plan to protest, brooke, in front of a walmart there in newtown, to hand that -- those signatures over and to make the point, they say that, you know, people shouldn't go to a store where you can buy diapers, where...